NextEra Energy Reportedly Offers to Buy Duke Energy
Utility giant NextEra Energy (NYSE: NEE) has reportedly made a huge bid for Duke Energy (NYSE: DUK) that could shake up the utility sector if accepted, although the offer was rebuffed, according to a report Tuesday by The Wall Street Journal.
Duke Energy is the largest regulated utility in the U.S., with a market capitalization of $60.6 billion. NextEra Energy has a market cap of nearly $138.6 billion, making it the world's largest utility owner.
The Journal reported that NextEra is still interested in pursuing the deal, but added that "there is no guarantee NextEra will do so, and if it does, that a deal would result."
Source Fool.com
